Galaxii Overflow - new exploit found for the Wii!!!

Developer named hetoan2 is cooking an exploit with the use of Super Mario Galaxy. Quoted from the said developer:

This new wii exploit allows code to be executed by the game. I showed this before loading a level in an earlier video. Now I have a code that loads a boot.elf from the root of the SD card. This is done by an anomaly in the game which has the game storing data in a buffer area, the data overflows and overwrites adjacent memory. In this case It allows a modified save to run code, unfortunately, playing on this save file can easily mess with the code due to where the code is loaded from. The exploit is also very dangerous as turning off during the underlying NAND processes can cause bricks. The only way to get the code to execute is to preform the glitch. It's not easy to do. Once this is perfected so that it is easier to do and is safer it will be released. Until then enjoy.